The future of driving is set to look vastly different compared to how we travel on the roads today. As automation technology becomes more sophisticated, drivers are going to have more options for releasing their grip on the wheel and taking a back seat to computerizing driving systems. In this latest post, the team at Auto Loans highlights four ways in which automation will impact the future of driving.
1. Cars Being Used Less
Even now, we’re beginning to see the changes automation and cheaper forms of transportation are having on driving habits across North America. In the U.S., the average vehicle is only in use 5 percent of the time. 95 percent of the time, the vehicle simply sits in the driveway.
2. Fewer Cars Purchased
By 2021, it’s predicted that 550,000 fewer cars will be purchased as a result of changing driving habits. This may result in a loss of revenue of $8.2 billion for car manufacturers, sellers, and dealers throughout the globe.
3. Automated Vehicles Widely in Use by 2027
Research experts predict that by 2027, automated vehicles will be widely in use. At this time, ridesharing services are set to rise in popularity as people opt to share the responsibility and the cost of driving their vehicle to and from work every day.
4. Mobility On-Demand Set to Become Popular
The world’s leading futurists also expect that the option of having a vehicle on-demand is set to become popular. People may be able to rent an automated vehicle for a short time by calling the vehicle from their cell phone, the way they would do for a taxi today.
By learning more about the changes we face as a result of vehicle automation, you can make more effective choices on your driving habits as the technology evolves. To discover more, take a look at this latest infographic.